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About the Bank of England
We promote the good of the people of the United Kingdom by maintaining monetary and financial stability. This is a critical role in the development of UK economic policymaking, leading all of the Bank of England's work developing and preparing the analysis and advice used by the Monetary Policy Committee (MPC) in setting policy. Now is a unique time to join the Bank and lead the modernisation of how we support and communicate monetary policy, grounded in intellectual rigor, openness to challenge, and innovative approaches.
The Role
We are seeking an exceptional leader to join as Executive Director for Monetary Policy. This role is at the heart of UK monetary policy, providing intellectual leadership and operational oversight to ensure world-class analysis and advice for the Monetary Policy Committee.
The role combines strategic vision with delivery: shaping how we analyse the economy, risks and uncertainties; how we consider policy options; and how we communicate decisions. You will lead the modernisation of our analytical capabilities-widening our approach and embedding innovation, strengthening analysis, modelling, data infrastructure and techniques including the use of AI and machine learning.
This is an opportunity to influence the future of UK monetary policy and build enduring capability. The Executive Director for Monetary Policy will be a core member of the senior leadership team for Monetary Policy. You will report to the Deputy Governor for Monetary Policy and work alongside the Bank's Chief Economist.
Key Responsibilities
What We Are Looking For
Minimum Requirements
Why Join Us?
This is an opportunity to shape the future of UK monetary policy at a time of significant economic change. You will work at the heart of the Bank's mission, alongside world-class experts, in an environment that values challenge and collaboration.
Our Approach to Inclusion
The Bank values diversity, equity and inclusion. We play a key role in maintaining monetary and financial stability, and to do that effectively, we believe we need a workforce that reflects the society we serve.
At the Bank of England, we want all colleagues to feel valued and respected, so we're working hard to build an inclusive culture which supports people from all backgrounds and communities to be at their best at work. We celebrate all forms of diversity, including (but not limited to) age, disability, ethnicity, gender, gender identity, race, religion, sexual orientation and socioeconomic status. We believe that it's by drawing on different perspectives and experiences that we'll continue to make the best decisions for the public.
We welcome applications from individuals who work flexibly, including job shares and part time working patterns. We've also partnered with external organisations to support us in making adjustments for candidates and employees in the recruitment process where they're needed.
For most roles where work can be carried out at home, we aim for colleagues to spend half of their time in the office. Subject to that minimum requirement, individuals and managers should work together to find what works best for them, their team and stakeholders.
Finally, we're proud to be a member of the Disability Confident Scheme. If you wish to apply under this scheme, you should check the box in the 'Candidate Personal Information' under the 'Disability Confident Scheme' section of the application.
Salary and Benefits Information
We encourage flexible working
This role offers a competitive salary In addition, we also offer a comprehensive benefits package as detailed below:
National Security Vetting Process
Employment in this role will be subject to the National Security Vetting clearance process (and typically can take between 6 to 12 weeks post offer) and the passing of additional Bank security checks in accordance with the Bank policy. Further information regarding the vetting and security clearance requirements for the role will be provided to the successful applicant, and information about how the Bank processes personal data for these purposes, is set out in the Bank's Privacy Notice.
The Bank of England welcomes applications from all candidates, but as a UK Visas and Immigration (UKVI) approved sponsor, we have a responsibility to comply with the Immigration Rules and guidance. As such, our ability to employ individuals who require sponsorship for immigration purposes is limited. The Bank cannot guarantee that you and / or the role you are applying for will be eligible for sponsorship and that any application made to UKVI will be successful. Eligibility will therefore be considered on a case by case basis.
The Application Process
Important: Please ensure that you complete the 'work history' section and answer ALL the application questions fully. All candidate applications are anonymised to ensure that our hiring managers will not be able to see your personal information, including your CV, when reviewing your application details at the screening stage. It's therefore really important that you fill out the work history and application form questions, as your answers will form a critical part of the initial selection process.
The assessment process will comprise of two interview stages and a photometric assessment
This role closes on 23:59 on 6th January.
Please apply online, ensuring that you complete your work history and answer ALL the application questions fully and in detail as your application will not be considered if all mandatory questions are not fully completed.